S&P 500 closes at record as corporate earnings beat expectations

“Investors were focused on corporate earnings reports, with 162 S&P 500 companies due to release quarterly financial results this week” writes Deputy Markets Editor for QSR, -3.78%, the operator of the Burger King, Tim Hortons and Popeye’s fast-food chains, reported earnings that matched the consensus forecast, while revenue came in just below.The S&P 500 index SPX, +0.56% rose 16.87 points, or 0.6%, to end at 3,039.42, closing above its previous record of 3,027.98, set on July 26.WBA, +0.69% shares closed 0.7% higher, after the retailer reported fourth-quarter profits and revenues that beat Wall Street expectations.The Nasdaq briefly traded above its record close of 8,330.21, set July 26, but ended the day just 4.22 points shy.

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